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China appears to U-turn on ‘obsessive’ gaming crackdown
The video game regulator had drafted rules which would have limited the time and money spent gaming. More »
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#TENCENT
22 posts
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Tencent’s Riot Games cuts 11% of global workforce
The company is the latest in gaming to cut jobs following Amazon, ByteDance and Epic Games. More »
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Tencent Music misses quarterly revenue estimates, signals better second quarter
(Reuters) – China’s Tencent Music Entertainment (TME.N) narrowly missed market estimates for quarterly revenue on Monday as the COVID-19 crisis hurt the company’s social entertainment services business, sending its shares down 4.5% in extended trade overnight.... More »
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Tim Hortons China says Tencent has invested, did not disclose amount
HONG KONG (Reuters) – Tim Hortons China said Tuesday it received an investment from Chinese tech giant Tencent, as the Canadian coffee brewer seeks to expand in the Chinese market. Tim Hortons said in a statement on its Weibo it will use the funds to upgrade d... More »
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Stay home and karaoke: Tencent’s JOOX sees usage spike in Southeast Asia
HONG KONG (Reuters) – Lockdowns and travel retrictions prompted by the new coronavirus have been a boon to JOOX, Chinese tech giant Tencent’s international music streaming platform, driving traffic to its karaoke services up by as much as 50%, an executive sai... More »
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Tencent says to step up investment overseas and in smart retail
BEIJING (Reuters) – Chinese tech giant Tencent Holdings said it will step up its investment overseas and in industries such as “smart retail”, having already invested in more than 800 companies. Those firms include 70 listed companies and over 160 are valued a... More »
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Tencent Video delays ‘Game of Thrones’ finale in China, prompts fan…
SHANGHAI (Reuters) – China’s Tencent Video has delayed the broadcast of the “Game of Thrones” finale, according to an official message published by the online streaming site on Monday, prompting uproar among fans of the popular TV series in the country. Tencen... More »
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China deletes ‘malicious’ mobile apps
(This January 24 story corrects throughout to say that the “Fruit Ninja” game deleted by the CAC was not developed by iDreamSky Technology Holdings Ltd, nor distributed by Tencent.) BEIJING (Reuters) – China’s cyber watchdog said on Thursday it has deleted clo... More »
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Tencent shares spike as China watchdog flags video game approvals
BEIJING/SHANGHAI (Reuters) – Tencent Holdings Ltd’s shares surged on Friday after a local regulatory official said some new video games had been cleared for sale, ending a lengthy freeze in approvals that has spooked players in the world’s largest gaming marke... More »
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Tencent Music presses play on $1.2 billion U.S. IPO
HONG KONG/NEW YORK (Reuters) – Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade ... More »
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Indonesia’s Lippo Group says invests $44 million in China’s Tencent
JAKARTA (Reuters) – Indonesian conglomerate Lippo Group said on Tuesday it had invested 628 billion rupiah ($44.35 million) in Chinese internet giant Tencent Holdings Ltd through shares and equity-linked notes. Lippo said in a statement that the investment wou... More »
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Tencent pulls investment in content start-up after online backlash
HONG KONG (Reuters) – Tencent Holdings, which owns China’s top social media app WeChat, has scrapped an investment of up to 30 million yuan ($4.7 million) in a content start-up that has been criticized online and by state media for its handling of copyright is... More »
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Tencent chairman pledges to advance China chip industry after ZTE…
HONG KONG (Reuters) – Tencent Holdings chairman pledged to advance China’s semiconductor industry, saying the blow to ZTE Corp from Washington’s ban on U.S. firms supplying telecommunications company was a “wake-up” call, local media reported. China’s No.2 tel... More »
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Toymaker Lego teams up with Chinese internet giant Tencent
Sets of Lego bricks are seen at a toy store in Bonn, Germany, September 5, 2017. REUTERS/Wolfgang Rattay BEIJING/COPENHAGEN (Reuters) – Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd (0700.HK) to jointly develop online game... More »
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China’s Tencent, JD.com invest $863 million in online retailer Vipshop
An app of the Chinese discount online retailer Vipshop Holdings Ltd is seen on a mobile phone in this illustration picture taken December 18, 2017. REUTERS/Florence Lo/Illustration BEIJING (Reuters) – Chinese internet giant Tencent Holdings Ltd (0700.HK) said ... More »
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Tencent Music, Spotify in talks to swap stakes: WSJ
Earphones are seen on a tablet screen with a Spotify logo on it, in Zenica, Bosnia and Herzegovina, February 20, 2014. REUTERS/Dado Ruvic/File Photo – S1BETDCCQSAB (Reuters) – The music group of China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks... More »
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Tencent unit China Literature launches up to $1.1 billion HK IPO
China Literature Ltd, China's largest online publishing and e-book company, launched an initial public offering for up to $1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business. More »
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Tencent to launch mega-hit game in U.S., EU amid regulatory chill in China
A child plays the game ”Honour of Kings” by Tencent at home in Dezhou, Shandong province, China July 2, 2017. REUTERS/Stringer Chinese gaming giant Tencent Holdings Ltd will launch its mega-hit smartphone game “Honour of Kings” in the EU and United States this... More »
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China`s Tencent shrugs off impact of play-time limits- shares rise
A child plays the game ”Honour of Kings” by Tencent at home in Dezhou, Shandong province, China July 2, 2017. REUTERS/Stringer Tencent Holdings Ltd has shrugged off concerns that a move to limit play time for some users of its top-grossing “Honour of Kings” ga... More »
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Tencent executive expects WeChat Pay in every shop in China within two years
Logo of Tencent is displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu An executive at Tencent Holdings Ltd, China’s biggest social media and online entertainment company, said on Friday he expects its mobile messaging app WeC... More »
China`s AVIC, CITIC, others inject $850 million to fund Tencent`s Supercell purchase
Tencent comany name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip/File Photo Tencent Holdings Ltd said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors incl... More »
Tencent to donate 2 percent of profit as Chinese online charity grows
Tencent Chairman and Chief Executive Officer Pony Ma Huateng speaks during a news conference announcing the company’s results in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip Chinese billionaire Pony Ma Huateng, the founder of internet group Tencent, on F... More »
